AFS Acceptance rebrands and rolls out broad expansion strategy
Wednesday, July 11, 2018 - 10:07am
4 potential benefits of ChannelNet and White Clarke Group partnership
Friday, June 15, 2018 - 10:50am
Friday, June 15, 2018 - 10:50am
ChannelNet announced a strategic partnership this week with White Clarke Group to offer an end-to-end financing solution to the global asset finance market. The partnership offers asset finance companies an integrated customer and dealer-facing platform that can automate the overall management of the customer... Read More
GrooveCar unveils newly designed website
Friday, June 15, 2018 - 10:47am
Friday, June 15, 2018 - 10:47am
A project that took roughly six months came to fruition in an attempt to help credit unions fill their auto finance portfolios. This week, GrooveCar launched its new corporate website designed to deliver a greater level of engagement for its credit union partners as they seek the latest expertise on auto finance... Read More
Consumers, dealers and OEMs all likely to feel impact of latest interest-rate uptick
Thursday, June 14, 2018 - 11:57am
Thursday, June 14, 2018 - 11:57am
Cox Automotive is seeing how actions by the Federal Open Market Committee (FOMC) at the Federal Reserve is impacting auto-financing activities as well as other major segments of the automotive space. Cox Automotive chief economist Jonathan Smoke recapped that the FOMC voted unanimously on Wednesday to increase the... Read More
Positive signs for delinquency in Q1
Wednesday, June 13, 2018 - 12:50pm
Wednesday, June 13, 2018 - 12:50pm
Perhaps the tightening of underwriting is leading to stabilization of delinquencies on the cusp of repossession as well as a bit of an improvement among those contracts that are behind but could possibly be brought back current. The newest State of the Automotive Finance Market Report from Experian Automotive indicated... Read More
14 AGs push back to keep CFPB complaint database publicly available
Wednesday, June 13, 2018 - 12:23pm
Wednesday, June 13, 2018 - 12:23pm
As the Consumer Financial Protection Bureau continues to modify how it operates, more than a dozen state attorneys general are pushing the CFPB not to change its practices regarding consumer complaints. New York attorney general Barbara Underwood recently led a coalition of 14 attorneys general in urging the CFPB to... Read More
VSC survey shows how many consumers saved as much as $2K on vehicle repairs
Tuesday, June 12, 2018 - 10:34am
Tuesday, June 12, 2018 - 10:34am
Additional survey results from Protective Asset Protection could provide information that F&I managers are seeking as part of their pitch to vehicle buyers about service contracts and other ancillary products. The provider of F&I programs, services and dealer-owned warranty programs recently announced... Read More
Securitization moves by Global Lending Services, Credit Acceptance and CPS
Friday, June 8, 2018 - 10:59am
Friday, June 8, 2018 - 10:59am
Global Lending Services, Credit Acceptance and Consumer Portfolio Services all have been active in the securitization space during the past 60 days; moves by the subprime auto finance companies that involved more than $1.1 billion in value. The most recent move arrived this week as Kroll Bond Rating Agency (KBRA)... Read More
CFPB disbands Consumer Advisory Board
Thursday, June 7, 2018 - 11:16am
Thursday, June 7, 2018 - 11:16am
An official from the Consumer Financial Protection Bureau described this week’s moves as “transforming the way we engage.” Meanwhile, members of bureau’s Consumer Advisory Board called it a “firing.” The contrasting views about this segment of the regulator surfaced through a CFPB... Read More